Thus, as of January 2023 – the latest data available – all seven Pillar II funds were shareholders in Transgaz. NN Pensii, the largest Pillar II pension fund, owns the largest stake in it.

NN Pensii had RON224 million invested in Transgaz, i.e. 6.6%, followed by AZT Viitorul Tau with 4.7%, Metropolitan Life Pensii Private Pensions with 2.8%, Vital with 2%, Aripi with 1.8%, BCR Pensii with 1.3% and BRD Pensii with 1%.

According to data published on the Bucharest Stock Exchange, Transgaz is 58.5% owned by the Romanian government.

Individuals hold 10.3%, and legal entities – which include Pillar II – about 31%. Transgaz posted operating revenue of RON1.6 billion, up 16%, while net profit rose 98%, the half-year report shows. The company has a capitalization of RON3.8 billion.

(English version by Loredana Fratila-Cristescu)